We found 11 online brokers that are appropriate for Trading Litecoin.
Litecoin is an alternative virtual currency that is used in crypto exchanges. A trader with an account with the Litecoin broker/exchange can trade CFD's over the underlying financial products, including Forex, stocks, commodities and cryptocurrency (availability varies from country to country). The following is a list of Litecoin brokers.
Litecoin brokers are similar to Bitcoin and other cryptocurrency brokerages but they specialize in helping traders in the selling and buying of Litecoin digital currency.
Litecoin is one of the most traded cryptocurrencies in the world and like other virtual currencies it is not managed or controlled by any central official authority. It was released in 2011 and is the brainchild of a Google employee Charlie Lee, who was previously the engineering Director at Coinbase.
The peer-to-peer decentralized currency is almost identical to the most popular Bitcoin. In November 2013 massive growth in the value of Litecoin was witnessed, including a 100% jump within a day.
Litecoin was designed with the concept of developing a system of payment that is not managed by any government agency. When Litecoin was released it was able to make transaction confirmations fast and able to handle far greater volume than Bitcoin.
As of now the average transaction confirmation of Bitcoin is between 30 to 100 minutes, Litecoin is 15 – 30 minutes.
Similar to other cryptocurrencies, Litecoin can be mined. Currently, 25 Litecoins are mined for one new generated block and traders can buy it with the help of Litecoin brokers and store them in a Litecoin wallet.
The buying and selling of Litecoin is conducted through crypto exchanges. Many traders prefer not to hold the currency in a wallet. Some traders use Litecoin to trade CFDs on the currency markets or to trade stocks, commodities or other assets.
The currency can be purchased from a designated exchange with the help of Litecoin brokers or directly using standard currencies like the GBP, USD or Euro.
A number of countries have started accepting PayPal balance transfer to buy Litecoin. Many exchanges facilitate making payment through credit or debit cards, but these need to be linked with the buyer's bank account.
Lately, Skrill, PaySafe, Neteller, WebMoney, OKPay, GiroPay and Moneta are also being used when buying Litecoin cryptocurrency.
Apart from these, Litecoin can be exchanged for direct bank transfers through SEPA system or SWIFT code.
eToro is a leading trading company that emphasises Litecoin. It provides clients with an easy to use, top-notch trading platform for trading digital currencies and a mobile cash account for instant transfers (but not for depositing them). An investor should create an account with eToro, then set up their trading portfolio. The investor should be able to see his portfolio and any cash transactions. Once an investor has a healthy portfolio, he can trade and buy/sell any coins as they see fit. The basic idea behind the store's trading platform is to allow successful traders to leverage their investments while reducing the risks involved.
AvaTrade is a well-known online broker. Their ultra-efficient payment scheme means that soon enough those who started trading could withdraw cash quickly after placing it in their account without much hassle. Also, just like the other trading platforms, AvaTrade has submitted its withdrawal process to the financial markets. To start trading, you have to register yourself with AvaTrade. You need to have an internet-connected PC and password. It is to keep your details and financial market information safe.
AvaTrade also provides its users with free updates of its latest version of the trading software. It ensures that its customers remain at the top of their game. AvaTrade also provides its clients with a Forex trading simulator which traders can train themselves in the Forex markets. It allows them to get an idea of how they would deal with a certain type of trade if they were engaged in it.
An XTB trading platform is the tool you need if you want to profit from the cryptocurrency financial markets. To be more specific, XTB offers two different ways to trade currencies. First off is the automated manual way to call your broker and let XTB do the work for you. Secondly, there is the robot system, which many beginning traders use. With the robot, you start to trade automatically with the broker once your account is funded. This method of XTB trading is perfect for inexperienced traders or beginners as it eliminates any possibility of human error and allows you more time to focus on finding winning trades instead of worrying about how to work and manage your account.
Even though the XTB trading platform is slightly more complex and advanced than other brokers, the price and value for money are very comparable. However, they are better for traders who trade on several currencies and require a full-featured program. The expo trading platform offers higher levels of security, flexibility, control and accessibility. The trading platform also enables you to trade on major Forex markets like EUR/USD, USD/JPY and GBP/USD.
IC Markets is a leading online broker that gives access to retail investors worldwide to the major global trading markets. It includes stocks, indices, futures and Forex trading. In recent years, this has been why IC Markets expanded to the forefront of the cryptography space, enabling users to trade CFD's over a wide range of virtual currencies. Although this service currently caters primarily to institutional and investment type traders, other small users may be able to take advantage of its large scale CFD trading platform soon. IC Markets have developed the Litecoin trading platform to take advantage of this technology.
One of the advantages of using the Litecoin trading platform is its relatively low cost. It is imperative for smaller traders who may struggle financially to get started. Small traders usually operate on a cash basis and may find themselves juggling between paying bills, managing investments and paying for trading platforms themselves. It can create a vicious cycle and may result in traders losing confidence in their ability to run their own campaigns. Although many brokers offer trading platforms based in the UK, such costs can be unaffordable for smaller traders.
Another benefit is that this type of trading platform is designed to reduce the amount of time needed to enter and exit positions. It is achieved through several methods, including indicator-based indicators and charts, stop-loss orders and automated trading strategies. All of these methods reduce the amount of time that is taken and increase the opportunities for profitability. Additionally, the use of pivot points and moving averages ensures that price movements are captured throughout the period that the market is open.
Forex platforms facilitate pairing Litecoin with fiat currencies the largest being the USD. Spreads here are large and the pair is traded based on fundamental and technical analysis.
There are some advantages when trading Litecoin in CFD. Leverage can be used and large positions can be set up with smaller capital. The leverage could be up to 1:400. Be aware that with leverage you may lose more than your deposited amount if the trade does not go in your favor.
Brokers off many trading opportunities with CFDs. Trading with CFDs most Litecoin brokers charge no fee or commissions. They make money through spreads.
Litecoin brokers are in great demand as traders in more numbers are trading the Litecoin crypto currency.
Litecoin has gained popularity due to its fast transaction confirmation times and its ability to handle higher volumes compared to Bitcoin.
We have conducted extensive research and analysis on over multiple data points on Litecoin Brokers to present you with a comprehensive guide that can help you find the most suitable Litecoin Brokers. Below we shortlist what we think are the best Litecoin brokers after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Litecoin Brokers.
Selecting a reliable and reputable online Litecoin trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Litecoin more confidently.
Selecting the right online Litecoin trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for Litecoin trading, it's essential to compare the different options available to you. Our Litecoin brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a Litecoin broker that best suits your needs and preferences for Litecoin. Our Litecoin broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Litecoin Brokers.
Compare Litecoin brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Litecoin broker, it's crucial to compare several factors to choose the right one for your Litecoin needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Litecoin brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Litecoin brokers that accept Litecoin clients.
Broker | XTB | Pepperstone | AvaTrade | FXPro | Plus500 | Admiral | webull | tradezero | eaglefx | skilling | forextb |
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Regulation | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) | Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546, Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039) FSA, Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore (MAS) for dealing in capital markets products (License No. CMS100648-1), PLUS500AU (PTY) LTD is regulated by the FSCA (Financial Sector Conduct Authority), Plus500 adheres to MiFID rules, Plus500EE AS is authorised and regulated by the Estonian Financial Supervision and Resolution Authority (Licence No. 4.1-1/18), Plus500AE Ltd is authorised and regulated by the Dubai Financial Services Authority (F005651) DFSA | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) | Securities Investor Protection Corporation (SIPC), Financial Industry Regulatory Authority (FINRA) | Securities Commission of the Bahamas (SCB) | Unregulated | Cyprus Securities and Exchange Commission (CySEC), CIF license number 357/18, Financial Services Authority (FSA) under license No. SD042 | Cyprus Securities and Exchange Commission (CySEC), CIF license number 272/15 |
Min Deposit | No minimum deposit | 200 | 100 | 100 | 100 | 200 | 50 | 500 | 10 | 100 | 250 |
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Used By | 1,000,000+ | 400,000+ | 300,000+ | 1,866,000+ | 24,000,000+ | 10,000+ | 5,000+ | 2,000+ | 5,000+ | 5,000+ | 5,000+ |
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Platforms | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, cTrader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps |
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Learn More |
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Up with xtb |
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Up with pepperstone |
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Up with avatrade |
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Up with fxpro |
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Up with plus500 |
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Up with admiralmarkets |
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Up with webull |
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Up with tradezero |
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Up with eaglefx |
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Up with skilling |
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Up with forextb |
Risk Warning | 76-85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 75-95 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider | 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. | Losses can exceed deposits | Your capital is at risk | Your capital is at risk | Your capital is at risk | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.80% of retail investor |
Demo |
XTB Demo |
Pepperstone Demo |
AvaTrade Demo |
FxPro Demo |
Plus500 Demo |
Admiral Markets Demo |
Webull Demo |
TradeZero Demo |
EagleFX Demo |
Skilling Demo |
ForexTB Demo |
Excluded Countries | US, IN, PK, BD, NG , ID, BE, AU | AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, CA, IR | MY, BE, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO | US, CA, JP, SG, MY, JM, IR, TR | UK, AU, SA, AL, DZ, AS, AD, AO, AI, AQ, AG, AR, AM, AW, AT, AZ, BS, BH, BD, BB, BY, BE, BZ, BJ, BM, BT, BO, BQ, BA, BW, BV, BR, IO, BN, BG, BF, BI, CV, KH, CM, CA, KY, CF, TD, CL, CX, CC, CO, KM, CD, CG, CK, CR, HR, CU, CW, CY, CZ, CI, DK, DJ, DM, DO, EC, EG, SV, GQ, ER, EE, SZ, ET, FK, FO, FJ, FI, FR, GF, PF, TF, GA, GM, GE, DE, GH, GI, GR, GL, GD, GP, GU, GT, GG, GN, GW, GY, HT, HM, VA, HN, HK, HU, IS, IN, ID, IR, IQ, IE, IM, IL, IT, JM, JP, JE, JO, KZ, KE, KI, KP, KR, KW, KG, LA, LV, LB, LS, LR, LY, LI, LT, LU, MO, MG, MW, MY, MV, ML, MT, MH, MQ, MR, MU, YT, MX, FM, MD, MC, MN, ME, MS, MA, MZ, MM, NA, NR, NP, NL, NC, NZ, NI, NE, NG, NU, NF, MP, NO, OM, PK, PW, PS, PA, PG, PY, PE, PH, PN, PL, PT, PR, QA, MK, RO, RU, RW, RE, BL, SH, KN, LC, MF, PM, VC, WS, SM, ST, SN, RS, SC, SL, SG, SX, SK, SI, SB, SO, ZA, GS, SS, ES, LK, SD, SR, SJ, SE, CH, SY, TW, TJ, TZ, TH, TL, TG, TK, TO, TT, TN, TR, TM, TC, TV, UG, UA, AE, GB, UM, UY, UZ, VU, VE, VN, VG, VI, WF, EH, YE, ZM, ZW, AX | US, IN, PK, BD, NG , ID, BE | US, IN, PK, BD, NG , ID, BE | US, IN, PK, BD, NG , ID, BE | US, IN, PK, BD, NG , ID, BE |
You can compare Litecoin Brokers ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Litecoin Brokers for 2024 article further below. You can see it now by clicking here
We have listed top Litecoin brokers below.